Blackstone (NYSE:BX) is close to an agreement to acquire 1345 Avenue of the Americas, a 50-story midtown Manhattan office tower with 1.9M square feet of space, according to a media report on Thursday.

Blackstone Inc. is nearing an agreement to purchase a Midtown Manhattan tower, which would mark a return to New York office dealmaking for the world’s biggest real estate investor.

Inc., the world's largest real estate investor, is close to reaching an agreement to acquire a Midtown Manhattan tower, marking its return to New York office dealmaking. According to a Bloomberg report on Thursday,

Blackstone is in talks to buy 1345 Avenue of the Americas, a move that indicates confidence in New York's office market recovery.

Blackstone is in talks to buy a sizeable stake in a New York City 50-story office building from institutional investors of JPMorgan Asset Management, two sources familiar with the matter said on Thursday.

Blackstone, the world’s largest alternative asset management firm, is all-in on Manhattan’s turnaround after the COVID pandemic crippled the commercial real estate market. The firm’s effort to buy a major stake in 1345 Sixth Avenue,